- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 29. Secured Transactions
- Section 307. Location of Debtor.
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AS 45.29.307. Location of Debtor.
- (a) In this section, "place of business" means a place where a debtor conducts its affairs.
- (b) Except as otherwise provided in this section, the following rules determine a debtor's location:
- (1) a debtor who is an individual is located at the individual's principal residence;
- (2) a debtor that is an organization and has only one place of business is located at its place of business;
- (3) a debtor that is an organization and has more than one place of business is located at its chief executive office.
- (c) The provisions of (b) of this section apply only if a debtor's residence, place of business, or chief executive
office, as applicable, is located in a jurisdiction whose law generally requires information concerning the existence
of a nonpossessory security interest to be made generally available in a filing, recording, or registration system as a
condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to
the collateral. If (b) of this section does not apply, the debtor is located in the District of Columbia.
- (d) A person who ceases to exist, have a residence, or have a place of business continues to be located in the
jurisdiction specified by (b) and (c) of this section.
- (e) A registered organization that is organized under the law of a state is located in that state.
- (f) Except as otherwise provided in (i) of this section, a registered organization that is organized under the law of the
United States and a branch or agency of a bank that is not organized under the law of the United States or a state are
- (1) in the state that the law of the United States designates if the law designates a state of location;
- (2) in the state that the registered organization, branch, or agency designates if the law of the United States authorizes
the registered organization, branch, or agency to designate its state of location; or
- (3) in the District of Columbia if neither (1) nor (2) of this subsection applies.
- (g) A registered organization continues to be located in the jurisdiction specified by (e) or (f) of this section
- (1) the suspension, revocation, forfeiture, or lapse of the registered organization's status as such in its jurisdiction
of organization; or
- (2) the dissolution, winding up, or cancellation of the existence of the registered organization.
- (h) The United States is located in the District of Columbia.
- (i) A branch or agency of a bank that is not organized under the law of the United States or a state is located in the
state in which the branch or agency is licensed if all branches and agencies of the bank are licensed in only one
- (j) A foreign air carrier, under the Federal Aviation Act of 1958, as amended, is located at the designated office of the
agent upon which service of process may be made on behalf of the carrier.
- (k) This section applies only for purposes of AS 45.29.301
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